MANUFACTURING BUSINESS LOANS

Manufacturing business loans

According to CNN Money, the manufacturing industry is booming again, but manufactures are lacking working capital to grow. If you an owner looking at manufacturing business loans, have high credit, complete financial documents, and collateral.  You may want to speak with a local bank about a SBA loan. What traditional lenders don’t mention is denial rates have been roughly 80%, according to the US Treasury department. The application generally takes more than 40 hours to complete.  Having to wait almost a month, to find out if you’re approved. Plus it can be up to three months before you receive funding. We have less requirements, faster approvals, and not risking your assets. Click to learn more about Alternative Financing Advantages.

Manufacturing business loans based on revenue is a very popular alternative to traditional bank lending. The top reasons are fast approvals and quick hassle free funding. We provide small business loans from $5000 to $500,000, rate and term is based on the industry type and performance of the business. We do not require any plan for the funds to be deposit directly into your account. It is completely up to the owner how they wish to utilize the money. There is not a single bank in the country that can approach the efficiency and speed of what an alternative lender can do for you.

Manufacturing business loans

Click below to see different industries, business strategies, and how to get started.

Manufacturing Industry

Working capital is the amount of funds that are necessary for an organization to continue its business operations. When large orders are received, working capital is necessary for purchasing raw materials, material handling equipment and conveyor systems for faster production, plus changing the warehouse design to hold more inventory. Manufacturing business loans through an alternative lender can be an efficient way of managing your cash flow.

Manufacturing business loans

Also known as the cost of production, manufacturing overhead are the direct costs supporting the manufacturing process. Manufacturing overhead includes rent, utility bills, insurance, repairing or replacing a critical piece of equipment. Manufacturing business loans can cover variety of expenses that are incurred when a product is manufactured.

Loans for Bad Credit

Manufacturing business loans

We provide business loans for bad credit. Banks and SBA lenders require a credit score above 680, to qualify for a business loan. According to Credit donkey, statics for credit scores across the country for ages 22 to 35 years is 634.  Adults ages 35 to 51 came in at 655. It also shows roughly 45 million adults don’t have any credit score. The truth is most businesses owners can’t qualify for a small business loan through a bank. To learn more about credit, follow link WHAT IS CREDIT. If there are major credit issues, please understand credit reports come in all forms, shapes and sizes. We will discuss ways steps to improve your report yourself and help you with organization. Call us today to discuss your options.

Click below to see different industries, business strategies, and how to get started.